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Overview
122 Barker Street CASTLEMAINE
Situated prominently at the corner of the Midland and Pyrenees Highways, this substantial brick commercial property is located in the heart of Castlemaine's bustling commercial precinct. It presents a compelling investment opportunity for discerning buyers seeking a well-established asset with multiple income streams.
The property occupies approximately 1,070 square meters of land and features a building configured into three established tenancies. These tenancies currently house a legal practice, a physiotherapy clinic, and an employment agency, providing a diversified and reliable income stream.
On-site parking is a significant advantage, with excellent facilities including undercover and secure car spaces within the building. This feature enhances the property's appeal to tenants and visitors alike, ensuring convenience and security.
As part of the Castlemaine Business Centre, the property benefits from a prime location with strong demand and limited availability in the area. This tightly held asset offers solid returns and strong occupancy, making it an attractive proposition for investors.
There is also potential to increase the property's value through future reconfiguration of the existing parking areas, subject to necessary approvals. This scope for enhancement adds further upside to the investment potential.
Additional features include broadband connectivity, a steel roof construction, remote garage access with opener, secure parking, and a dedicated study area, all contributing to the property's functionality and tenant appeal.
Overall, this commercial investment represents a quality asset in a strategic location, underpinned by consistent demand and multiple income sources. It is well suited to investors seeking a stable and potentially growth-oriented commercial property in Castlemaine.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Castlemaine VIC 3450
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 1065 m² |
Market Insights for Castlemaine VIC 3450
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